UAE banks to face challenges in implementing Basel III reforms
As the UAE banks gear up to meet the Basel III capital norms, a number of institutions are expected to…
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UAE's First Gulf Bank says profit can grow 6 pct this year
First Gulf Bank, one of the United Arab Emirates' biggest banks, thinks it can maintain profit growth of 6 percent…
New Abu Dhabi property laws to widen investment opportunities for expatriates
Industry experts have declared the new property law will benefit Abu Dhabi's real estate growth and have called for a…
Fitch ranks Saudi banking system 4th globally
The international rating agency "Fitch" ranked Saudi banking system fourth-best and the strongest banking system in the world, after Australia,…
EGX to participate in first international conference on Islamic banking and finance in Saudi Arabia
The Egyptian Exchange will participate in the first International Conference on Islamic Banking and Finance, hosted by Saudi Arabia. …
Islamic finance a global need
Minister of Education Ahmed Al-Issa on Sunday opened activities related to the first global event on Islamic finance, which is…
Integration of Arab Banking Practices among concerns at Annual Arab Banking Conference
The Union of Arab Banks (UAB) will consider ways of achieving Arab banking integration during the Annual Arab Banking Conference…
Commercial Bank of Qatar says raises 2 bln riyals of Tier 1 capital
Commercial Bank of Qatar has raised 2 billion riyals ($549.33 million) in additional Tier 1 perpetual capital notes, it said…
Woori Bank to open 'Korea desk' at Iranian bank
Woori Bank said Monday that it will set up a Korea desk at an Iranian bank, a first for a…
New challenges ahead for Islamic wealth management
Despite being a growing industry, Islamic wealth management may find new challenges in unfavourable global macroeconomic conditions and a highly…
EFG-Hermes mulls expansion in new frontier markets, CEO says
EFG-Hermes is considering opportunities to expand into new frontier markets and aims to build a “leading non-bank finance house” in…
Why buying a house in Dubai is better than living on rent
Let's just get straight to some facts. Almost 68 per cent of the home loans in the UAE are available…